Page 33 - Gary Ackerman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In 2008. what happened in 2008? hmm -- 2008. oh, yeah, bernie madoff, the ponzi scheme, biggest ever, tens of billions of dollars. guess what stolen under the nose of the sec. yeah, there was lehman melted down. took the stock market and economy. gary ackerman, the congressman from new york went off on members of the sec about why they miss sewed much of it. especially bernie madoff. this is what he said back then. >> what the heck went on? your mission, you said, was to -- was to -- protect investors and detect fraud quickly. how did that work out? what went wrong? it seems to me a private, w...

33 probes over the last five years, 31 in 2 1/2 years and 16 in 2008. what happened in 2008? hmm -- 2008. oh, yeah, bernie madoff, the ponzi scheme, biggest ever, tens of billions of dollars. guess what stolen under the nose of the sec. yeah, there was lehman melted down. took the stock market and economy. gary ackerman, the congressman from new york went off on members of the sec about why they miss sewed much of it. especially bernie madoff. this is what he said back then. >> what the heck went on? your mission, you said, was to -- was to -- protect investors and detect fraud quickly. how di...